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Crypto Crash... the end of Crypto gaming before it even started?

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  • Superman0XSuperman0X Member RarePosts: 2,287
    edited December 2022
    Simple answer: No

    Longer Answer: People are not understanding the time it takes for this stuff.


    Lets start with some simple points:

    Crypto (price/value)is down right now.  I, personally, believe that it needs to drop at LEAST another 40% before it bottoms out and any real recovery can begin. That recovery period for this is a couple of years, and gaming isnt really going to affect this much (but it might affect gaming).

    The cycle of change for stuff like this in the industry is about 10 years. We are about 4 years into that cycle. Companies are interested in many crypto/blockchain related developments (P2E, P&E, WEB3, NFT, etc). They see opportunities, but don't really understand how to make this work, or what value it can add. Developers and Publishers are JUST starting to get involved with all of this (and many are doing so because of FOMO). You should expect to see smatterings of games that add these 'features', with most doing a terrible job. Some will have some minor success, and that will drive more companies to follow, in the hopes that they can build on those success.

    However, just like anything new in the gaming industry, it will take time for any consistent results. Sure we might get a 'breakaway' hit in a few years that just happens to get the combination right, but it is much more likely that we will see a lot of poor implementations that are backed out of (Think D3 RMT Marketplace)without any real consistency for at last another 5-6 years.

    I, personally, am in the industry. I have talked with people about how to do this in better ways... but overall the industry isn't listening, and will have to learn the old fashioned way... by failing until they succeed.
    kitarad
  • Deathkon1Deathkon1 Member RarePosts: 822
    kitarad said:
    You can delete your account yourself. No need drama just go to the front page of this site then to your profile under profile option is delete account.
    I'm kinda curious where is the account options for this site im either dumb and its in front of me or my browser is the issue with chrome?
    Favorite book way of the devil
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  • kitaradkitarad Member LegendaryPosts: 7,486
    Deathkon1 said:
    kitarad said:
    You can delete your account yourself. No need drama just go to the front page of this site then to your profile under profile option is delete account.
    I'm kinda curious where is the account options for this site im either dumb and its in front of me or my browser is the issue with chrome?
    Not sure if this works on the phone. I am always on my PC so with that caveat you're currently on the forum part of this site. Go to the main page of MMORPG by clicking the left top logo of MMORPG. Then click on your username to get to the profile page then check profile options.
    Deathkon1cheyane

  • Deathkon1Deathkon1 Member RarePosts: 822
    kitarad said:
    Deathkon1 said:
    kitarad said:
    You can delete your account yourself. No need drama just go to the front page of this site then to your profile under profile option is delete account.
    I'm kinda curious where is the account options for this site im either dumb and its in front of me or my browser is the issue with chrome?
    Not sure if this works on the phone. I am always on my PC so with that caveat you're currently on the forum part of this site. Go to the main page of MMORPG by clicking the left top logo of MMORPG. Then click on your username to get to the profile page then check profile options.
    Thank you if I ever feel like yeeting my account off the site I know where to go. 
    Favorite book way of the devil
    https://bit.ly/3DcHgqm
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  • ScotScot Member LegendaryPosts: 19,959
    Deathkon1 said:
    kitarad said:
    You can delete your account yourself. No need drama just go to the front page of this site then to your profile under profile option is delete account.
    I'm kinda curious where is the account options for this site im either dumb and its in front of me or my browser is the issue with chrome?
    It is hard to find, you are the guy who keeps changing his avatar picture to confuse me and even you had problems tracking it down. :)
  • AdamantineAdamantine Member RarePosts: 4,849
    mekhere said:
    [...]  why there is game developer stagflation?
    What the what now ?

    Computer games are staying basically constant in pricing.

    There isnt even regular inflation. Thus there is also no stagflation (inflation with stagnation).

    Mendel
  • mekheremekhere Member UncommonPosts: 61
    mekhere said:
    [...]  why there is game developer stagflation?
    What the what now ?

    Computer games are staying basically constant in pricing.

    There isnt even regular inflation. Thus there is also no stagflation (inflation with stagnation).

    There aren't really any new games out. There are expansion packs for days. That's about it. I just went to GameStop's website and steam. Visit the mmorpg sections. There not that awesome. 

    Here are the websites with the same games for the last 20 years.
    Sony Online Entertainment Games - IGN
    PC Games PC Games | GameStop
    Massively Multiplayer (steampowered.com)

    How am I wrong? What does pricing have to do with innovation?
    Always be the guy that paints the house in the dark. 
  • Slapshot1188Slapshot1188 Member LegendaryPosts: 15,893
    mekhere said:
    [...]  why there is game developer stagflation?
    What the what now ?

    Computer games are staying basically constant in pricing.

    There isnt even regular inflation. Thus there is also no stagflation (inflation with stagnation).

    How about shrinkflation?  :)
    You know, when your roll of toilet paper used to have 1000 sheets and now it has 850?

    That seems to be games today. Keep the price the same but you get less and less.

    KyleranDibdabsScot

    All time classic  MY NEW FAVORITE POST!  (Keep laying those bricks)

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  • JackQuinnJackQuinn Newbie CommonPosts: 5
    edited December 2022
    It certainly looks like we are in a bear market in crypto right now, and it's definitely causing some pain. But, I don't think it will necessarily cause an end to the inclusion of crypto in gaming. Sure, it definitely makes it more difficult to run a business when the currency you get paid in is so volatile, but I think there are still a lot of gamers out there who are interested in the concept and are willing to take the risk. At the end of the day, there is still a lot of potentials for crypto and gaming to intersect, and I think we will start to see more games and platforms embracing this concept. Even if the market is in a downturn right now, I think it's important to remember that it's still relatively early days, and there is a lot of potential for growth and innovation in this space. For example, I started to trade, and thankfully to metatrader 4 trading platform, I've learned all the basic things. ;)
    Post edited by JackQuinn on
  • ScotScot Member LegendaryPosts: 19,959
    mekhere said:
    [...]  why there is game developer stagflation?
    What the what now ?

    Computer games are staying basically constant in pricing.

    There isnt even regular inflation. Thus there is also no stagflation (inflation with stagnation).

    How about shrinkflation?  :)
    You know, when your roll of toilet paper used to have 1000 sheets and now it has 850?

    That seems to be games today. Keep the price the same but you get less and less.

    Or you just save costs by releasing them to EA before they are ready. Pricing is constant, while quality of product is going down.
  • MaxBaconMaxBacon Member LegendaryPosts: 7,650
    It be hard to tell what happens to something of such an unstable nature, the biggest harm the space gets is a scam after the other, bleeding out public trust and leaving it to the bears to hold the bag. If the space recovers trust crypto gaming goes nowhere.
  • bcbullybcbully Member EpicPosts: 11,818
    MaxBacon said:
    It be hard to tell what happens to something of such an unstable nature, the biggest harm the space gets is a scam after the other, bleeding out public trust and leaving it to the bears to hold the bag. If the space recovers trust crypto gaming goes nowhere.
    Tell me you know nothing about markets w/o saying it.
    Dibdabs
    "We see fundamentals and we ape in"
  • KyleranKyleran Member LegendaryPosts: 41,526
    bcbully said:
    MaxBacon said:
    It be hard to tell what happens to something of such an unstable nature, the biggest harm the space gets is a scam after the other, bleeding out public trust and leaving it to the bears to hold the bag. If the space recovers trust crypto gaming goes nowhere.
    Tell me you know nothing about markets w/o saying it.
    I suspect Max meant to say "unless" the space recovers (public) trust crypto gaming goes nowhere.

    If you disagree with that statement makes me question your understanding about consumer behaviors.

    Happy New Years!




    Dibdabs

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    Just trying to live long enough to play a new, released MMORPG, playing New Worlds atm

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  • MaxBaconMaxBacon Member LegendaryPosts: 7,650
    Kyleran said:
    bcbully said:
    MaxBacon said:
    It be hard to tell what happens to something of such an unstable nature, the biggest harm the space gets is a scam after the other, bleeding out public trust and leaving it to the bears to hold the bag. If the space recovers trust crypto gaming goes nowhere.
    Tell me you know nothing about markets w/o saying it.
    I suspect Max meant to say "unless" the space recovers (public) trust crypto gaming goes nowhere.

    If you disagree with that statement makes me question your understanding about consumer behaviors.

    Happy New Years!




    Ah yeah that's what I meant, it depends on public trust to flourish
    KyleranDibdabs
  • KyleranKyleran Member LegendaryPosts: 41,526
    MaxBacon said:
    Kyleran said:
    bcbully said:
    MaxBacon said:
    It be hard to tell what happens to something of such an unstable nature, the biggest harm the space gets is a scam after the other, bleeding out public trust and leaving it to the bears to hold the bag. If the space recovers trust crypto gaming goes nowhere.
    Tell me you know nothing about markets w/o saying it.
    I suspect Max meant to say "unless" the space recovers (public) trust crypto gaming goes nowhere.

    If you disagree with that statement makes me question your understanding about consumer behaviors.

    Happy New Years!




    Ah yeah that's what I meant, it depends on public trust to flourish
    In all fairness, all fiat currencies rely on public trust, even the government backed ones.

    Crypto gaming developers should focus first and foremost about making a good game, instead of the usual focus on preselling in game assets to fund it's creation.


    Deathkon1Scot

    "True friends stab you in the front." | Oscar Wilde 

    "I need to finish" - Christian Wolff: The Accountant

    Just trying to live long enough to play a new, released MMORPG, playing New Worlds atm

    Fools find no pleasure in understanding but delight in airing their own opinions. Pvbs 18:2, NIV

    Don't just play games, inhabit virtual worlds™

    "This is the most intelligent, well qualified and articulate response to a post I have ever seen on these forums. It's a shame most people here won't have the attention span to read past the second line." - Anon






  • AAAMEOWAAAMEOW Member RarePosts: 1,561
    I think with any "making money on line crypto game", it always rely on "other players" to pay you the money.  So in essence you are just taking money from other players.

    Usually it is sort of like a pyramid scheme, you always rely on new players to join to make money from them.  Or in other games you gamble or beat other players to take money away from them.  

    Because obviously the developer of crypto games won't be giving you money.  

    Also people need realistic expectation of how much crypto can go up in price.  The world gold reserve is about 10% of the total world economy market cap.  Crypto is about 1% market cap.  If crypto keep go up so much, it can pretty much buy the whole world, which don't make sense.  
  • Deathkon1Deathkon1 Member RarePosts: 822
    edited December 2022
    Kyleran said:
    In all fairness, all fiat currencies rely on public trust, even the government backed ones.

    Crypto gaming developers should focus first and foremost about making a good game, instead of the usual focus on preselling in game assets to fund it's creation.


    Make a good game first before you start marketing as a pay2earn crypto game and they wouldn't have so many complaints about them being a scam, they need to realize that unless they show us something up front worth a dam we can play on the spot and it actually being good that no one will give a dam to touch or care about their game. I know this is literal rocket science but dam man can't they take a hint.

    Make the game before you start on the monetization model.
    Post edited by Deathkon1 on
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